The Director of Research at the Institute of Economic Affairs, Dr. John Kwakye, has challenged President Akufo-Addo’s assertion that the Finance Minister has done well and therefore cannot be sacked, saying, Finance Ministers must always be held responsible for a country’s economic problems.
In a tweet, the economist and a former member of the Monetary Policy Committee of the Bank of Ghana said since Finance Ministers are responsible for managing the finances of every country, therefore they must take the blame for any mess created.
“Finance Ministers must always be held responsible for a country’s economic problems no matter the source. Kwesi Kwarteng is a clear example”.
Dr. Kwakye also said the solution to the country’s problems does not rest with the IMF or the World Bank.
“The answer to our problems doesn’t lie in Washington. It lies right here in Ghana”.
Regarding the free fall of the cedi, Dr. Kwakye called for urgent interventions to slow down its depreciation.
“Urgent interventions are needed to stop the hemorrhaging of the cedi”.
Latest Stories
-
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
5 minutes -
Congo lawyers say Apple’s supply chain statement must be verified
18 minutes -
Stampede in southwestern Nigerian city causes multiple deaths
43 minutes -
Tens of thousands without water in Mayotte as curfew brought in
56 minutes -
ORAL: We won’t witch-hunt, we’ll focus on transparency, not revenge – Ablakwa
1 hour -
Attempted robbery: Accused claims he carried cutlass for protection
2 hours -
Excavator operator jailed for stealing
2 hours -
African fans age-shame me for putting on some outfits – Tiwa Savage
2 hours -
Tiwa Savage criticised by female fans for stance on cheating in relationships
2 hours -
Bank of England expected to hold interest rates
2 hours -
Congo river boat sinks killing at least 22
3 hours -
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
3 hours -
Embattled Liberian speaker questioned by police over parliament fire
4 hours -
‘I won’t be a judge in my own court; ORAL is about protecting public purse’ – Ablakwa
4 hours -
Bawumia joins thousands in Kumasi for burial prayers for Ashanti Regional Imam
4 hours